×
You will be redirected back to your article in seconds

Emerald Media Buys Control of Indian Animator Cosmos-Maya

Leading Indian animation firm Cosmos-Maya has been acquired by private equity firm Emerald Media. The move is intended to accelerate Cosmos-Maya’s growth in India and overseas.

Emerald, which itself is backed by global investment firm KKR, said that it has achieved a controlling stake by acquiring new shares and some existing ones. The terms and value of the transaction, and the size of the new capital injection, were not revealed.

Cosmos-Maya was founded by Indian filmmakers Ketan Mehta and Deepa Sahi two decades ago. Based in Mumbai, it now has some 750 employees, producing some 600 minutes of content every month. Its best-known show is children’s series “Motu Patlu.”

Working with Viacom18, Disney Networks, Turner International, Sony Pictures Network, Discovery Networks, Netflix, Amazon Prime Video and ALT Balaji, the company currently has nine shows on air in India. The include: “Shiva,” “Eena Meena Deeka,” “Kisna,” “ViR – The Robot Boy,” “Guru Aur Bhole,” “Chacha Bhatija,” “Tik Tak Tail” and “Selfie with Bajrangi.” The company is also working on 3 international co-productions — “Captain Cactus,” “Atchoo!” and “Help me Ganesha” — in different stages of production and development.

“Through the capital infused, the company intends to develop international projects while leveraging the media relationships of Emerald to expand its global footprint,” said Mehta, co-founder and MD.

“With (Cosmos-Maya) now focused on the development of content, that crosses geographies, it is poised for growth on a global stage — not to mention the added opportunity of brand expansion and merchandising for its properties,” said Emerald’s MD, Rajesh Kamat.

Headed by Kamat and former Star-TV boss Paul Aiello, Emerald Media primarily focuses on providing growth capital to media, entertainment, consumer tech and B2B companies. Its key investments include those in YuppTV, a video platform for South Asian content; Amagi Media Labs, Indian TV advertisement solutions firm; and aCommerce, a leading Southeast Asian leading ecommerce enabler and e-distributor.

More Biz

  • Alan Horn Bill Tanner

    Alan Horn to Keynote Variety Business Managers Elite Breakfast, Bill Tanner to Be Honored

    Bill Tanner will be recognized with Variety’s 2019 Business Managers Elite Award at the annual Business Managers Elite Breakfast presented by City National Bank, which takes place in Beverly Hills on Nov. 13. Co-chairman and chief creative officer of The Walt Disney Studios Alan Horn will be the keynote speaker in conversation with Variety editor-in-chief, [...]

  • Smoke haze covers the Sydney Harbour

    Australia's Seven West to Merge With Affiliate Prime Media

    Australia’s Seven West Media has agreed a deal to acquire regional broadcast group Prime Media. The move is a further step in the consolidation of Australia’s traditional media industry. The two companies announced on Friday that Seven will make the acquisition entirely through the issue of new shares to the owners of Prime. Both companies [...]

  • Ron Meyer

    Ron Meyer Files $10 Million Suit Over Forged Rothko

    NBCUniversal Vice Chairman Ron Meyer has filed a $10 million suit against two art dealers, claiming they sold him a forged Mark Rothko painting in 2001. Meyer accuses Susan Seidel and Jaime Frankfort of duping him into buying the work. According to the suit, he was told that it would be included in an official [...]

  • Former movie producer Harvey Weinstein (L)

    Harvey Weinstein Seeks to Call Expert on 'Recovered' Memories at Rape Trial

    Harvey Weinstein’s attorneys are seeking to call an expert on “recovered memories” at his trial on rape and sexual assault charges. The defense has filed a motion asking to call Deborah Davis, a psychologist and professor at the University of Nevada at Reno. Davis is a frequent defense witness. She co-authored an article in 2006 [...]

  • Tekashi 6ix9ine Docuseries Coming From Showtime

    Tekashi 6ix9ine Docuseries Coming From Showtime and Rolling Stone

    Showtime Documentary Films today announced a new limited docuseries profiling controversial rapper Tekashi 6ix9ine. Titled “SuperVillain” and inspired by the Rolling Stone feature written by Stephen Witt, the three-part series will trace how a New York City deli clerk named Daniel Hernandez became superstar rapper Tekashi 6ix9ine — who racked up 2.6 billion streams and [...]

  • Fader Label Logo

    Fader Label Signs Two New Acts, Boosts Staff

    The Fader Label, home to Clairo, Matt and Kim and others, announced two new signings today along with three new hires on its staff. Charlie Burg and Zachary Knowles have joined the label’s talent roster, while Carson Oberg has come aboard as general manager, Yasmine Panah as project manager and Josh Hymowitz as label coordinator. They [...]

More From Our Brands

Access exclusive content